Taxes | Business | Financial Freedom | Wellness
Your day can go from calm to chaos in a matter of minutes, am I right?! One of my most memorable management shifts was at an upscale restaurant, the night of a Lady Gaga concert. The bar got hammered so hard with specialty cocktails orders that we couldn’t wash glassware fast enough, shake hard enough or stop the tickets from rolling off the bar printer.
Or the time, I had to run the floor (manage the dining room, for non-restaurant folk) while running to the back to bake freaking cakes during dinner service because the prep cook didn’t show up. You simple can’t run out of the restaurant’s famous carrot cake. It’s not an option.
I could share war stories for days about staff no-shows, breakdowns, fights, late deliveries, equipment failures and insane...
Calculating your income and expenses isn't something you should do solely during tax season. I know it's not everyone's cup of tea, but here are some reasons why bookkeeping is so important.
No one likes a surprise when they file a return. When you have an up to date profit & loss, balance sheet and cash flow statements, fulfilling your business tax requirements is much easier on you and your return preparer. Saving you time and money!
By maintaining accurate books year-round, you can avoid the "oh crap, it's tax time" scramble.
Newly self-employed? Each quarter, self-employed business owners must estimate their federal and state income tax payment and send a check to the IRS and their state. Up to date tracking of your expenses will help offset how much estimated tax you pay.
When you keep your books in good order, you can easily track what bills are due for payment, what clients you should collect from and how much...
Launching a business can be expensive. Like a target run for toothpaste, you somehow manage to spend $200 without buying what you came for. The little expenses can sink a business fast unless you are following a detailed and well maintained budget.
Budgets have a bad rap and are often associated with being broke or cheap. But what if we rephrase that to say "I want start a 401k" and "I want to travel." Whatever your goal is as a business owner, you need to plan for it. So let's outline some tips to keep your budget in top shape.
A good budget says no to frivolous spending and impulsive "needs" today so you can focus on your future.
Expenses are the total costs associated with your business. From business licenses, advertising, insurance, office supplies and more. Small business owners have a lot of responsibility and failing to anticipate expenses could put your organization in jeopardy. An accounting software can easily transfer your financial information...
Tax season never ends. There's regular taxes, sales tax, estimated taxes and varying deadlines between the IRS and State making it confusing AF. Don't worry, we'll send you the dates in advance so you can get your stuff together and get shit done.